CIN: L67120MH1951PLC222871
Id:
Mall,
esaa ndialtd@smail.com
Website; www.esaarindia.com
Date: 28/05/2016
To,
The Bombay Stock Exchange Ltd
This is to inform you that the BM/02/2016-2017 meeting of the Board of Directors of the
company was held on Saturday, 28th May, 2016 at the Registered Office of the Company at
B/411, Crystal Plaza, New Link Road, Opp. Infinity Mall, Andheri (West), Mumbai 400 053 at
04:30 P.M and the Board approved the following:
1. Audited Financial Results for the quarter and year ended 31.03.2016 along with
Auditors' Report and Notes forming parts to accounts
2. Resignation of Ms. Sunita Zanj from the post of Chief Financial Officer of the
company
3. Took the note on Compliance done as per LODR, Regulation 2015 for the quarter
ended 31.03.2016
Kindly acknowledge the Receipt.
Thanking You
Yours Faithfully
.0\1
ANIvr'
hushboo Jain
(Company Secretary)
End: a/a
5/28/2016
531502
Name of company
Result Type
Main Format
Class of security
Equity
01-04-2015
31-03-2016
28-05-2016
Date on which prior intimation of the meeting for considering financial results was infbrmed to the exchange
18-05-2016
INR
Lakhs
Reporting Quarter
Yearly
Standalone
Audited
Segment Reporting
Multi segment
For ESAAR
(INDIA) 1.1.N:!7-7..L.
C a-\
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Particulars
Previous 3
months
ended (ddmm -YYYY)
Corresponding 3
Year to date
months ended in the figures for current
previous year \cid- period ended (ddmm - YYYY)
mm- YYYY)
than Banks
Year to date
figures for
previous period
ended (dd-mm-
Previous
accounting
year ended
(dd-mm-
YYYY)
YYYY)
Date of start of
reporting period
01-012016
01-10-2015
01-01-2015
01-04-2015
01-04-2014
01-04-2014
I3
31-032016
31-12-2015
31-03-2015
31-03-2016
31-03-2015
31-03-2015
Audited
Unaudited
Audited
Audited
Audited
Audited
Standalone
Standalone
Standalone
Standalone
Standalone
120.616
254.9
120.07
408.770
871.49
871.49
Nature of report
I)
standalone or Standalone
consolidated
Part I
revenues
Total Revenue from
operations (net)
2
(a)
120.616
254.9
408.776
126.07
871.49
871.49
Expenses
Cost of materials
consumed
(b)
Purchases of stock-intrade
147.242
58.74
360.302
24.11
24.11
(c)
Changes in inventories
of finished goods,
work-in-progress and
stock-in-trade
8 . 095
18.73
477.27
57.135
1132.29
1132.29
2.15
1.97
10.411
11.18
1 1.18
-0.12
-0.07
_0.07
(d)
(c)
Employee benefit
expense
Depreciation and
amortisation expense
(t)
Other Expenses
Other Expenses
Provision
3.39 1
-
5.474
5.45
58.83
14.862
14.87
14.87
168.26
172.144
173.734
5.45
58.83
187.006
14.87
14.87
Total expenses
332.462
85.07
537.95
614.854
1182.38
1182.38
For E
ct)\
:,ory
Direct - I Authorised Si
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Quarterly &
l'aetienlars
mm -YYYY)
Previous 3
months
ended (ddmm-yyyy)
Year to date
figures for
current period
ended (dd-
Year to date
figures for
previous
period ended
mm-yyyy)
(dd-mm-yyyy)
01-01-2015
01-04-2015
01-04-2014
31-03-2015
31-03-2016
31-03-2015
Corresponding 3
months ended in
the previous
year (dd-mm;
01-102015
01-01-2016
31-12-
31 - 03 -2016
2015
Previous
accounting
year ended
(dd-mmyyyy )
01-042014
31-032015
__U_1
Audited
Unaudited
Audited
Audited
Audited
Audited
Nature of report
standalone or consolidated
Standalone
Standalone
Standalone
Standalone
Standalone
Standalone
Part 1
-211.846
169.83
-411.88
-206.078
-310.89
-310.89
2.30000000000001002
2.10264
-211.823
169 83
-411.88
-203.975
-310.89
-310.89
18.242
18.73
68 57171
93.96
93.96
-230.065
151.1
-411.88
-272.547
-404.85
-404.85
Exceptional items
-230.065
151.1
-411.88
-272.547
-404.85
-404.85
1.373
0.75313
-231.438
151.1
-411.88
-273.3
-404.85
-404.85
-231.438
151.1
-411.88
- )73_3
-404.85
- 404.85
10
11 Tax Expense
12
13
14
15 discontinuing operations
before tax
16
Tax expense of
"
discontinuing operations
17
18
-231.438
151 1
-111.88
-273.3
-404.85
-404.85
/1
-231.438
151 1
-411.88
-273.3
-404.85
-404.85
IMITE6
;AAR
o-A
,rector I Au'
Signa,_
5/28/2016
Quarterly & Half Yearly Financial Result by Companies Other than Banks
3 months
Particulars
ended (dd
mm-yyyy)
Previous 3
months
ended (ddmm-yyyy)
Corresponding 3
months ended in the
previous year (ddmm-yyyy)
Previous
accounting
year ended
(dd-mm-yyyy)
01 10 2015
01 01 2015
01 04 2015
01 04 2014
01 04 2014
Date of start of
reporting period
01-01-
Date of end of
reporting period
31-C32016
31-12-2015
31-03-2015
31 03 2016
31 03 2015
31-03-2015
Whether results
are audited or
Audited
Unaudited
Audited
Audited
Audited
Audited
Standalone
Standalone
Standalone
Standalone
Standalone
2016
unaudited
Nature of report
standalone or Standalone
consolidated
Part I
22 Details of equity share capital
Paid-up equity
share capital
2044.25
2044.25
2044.25
2011. 1 5
2044.25
-540.585
-5-10 5s5
-267.29
-267 29
Basic earnings
per share before
extraordinary
items
-0.113
-0.01
-0.2
-0 134
-0. 7
-0)
Diluted earnings
per share before
extraordinary
items
0.113
-0.01
-0.2
-0 134
-0.2
-0.2
-0.01
-0.2
0.134
-0.2
-0.2
-0.01
-0.2
0.134
-0.2
-0. ,
Face value of
equity share
capital
2044.25
24
Reserves
excluding
revaluation
reserve
26 Earnings per share
Earnings per
share before
extraordinary
items
ii
r
"7
Diluted earnings
per share after
extraordinary
items
Disclosure of
30 notes on
Textual Information(1)
financial results
4/9
6;28 2016
Text Block
1. The above Financial Results for the quarter and year ended 31st March, 2016 have been reviewed
by the Audit Committee and approved by the Board of Directors at its Meeting held on 28th May,
2016 and Audited by the Statutory Auditors.
2. The figure for the previous quarter/year have been re-grouped/re-classified/re-stated wherever
necessary.
Textual Information(1)
3. Invester Complaint for the quarter ended 31.03.2016. Opening - 0, Received- 0, Resolved- 0,
Closing- 0.
5. We hereby declare that the Auditor has audited the Financial Result and provided the audit report
with Modified opinion.
r
.ory
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Essar_March16_HTML Report.html
5/28/2016
01-04-2015
01-04-2014
31-03-2016
31-03-2015
Particulars
YYYY)
Audited
Audited
Standalone
Standalone
Shareholders' funds
Share capital
2044.25
2044.25
-540.585
-267.29
1503.665
1776.96
389.65
S. 1.46
f^
Non-current liabilities
Long-term borrowings
Deferred tax liabilities (net)
Foreign currency monetary item translation difference liability
account
389.65
831.46
Trade payables
1.712
0.192
1.51
172.144
0.05
174.048
1.56
2067.363
2609.98
0.497
0j
Producing properties
Intangible assets
Preproducing properties
(1
0.4977
0.5
Long-term provisions
Total non-current liabilities
Current liabilities
Short-term borrowings
Short-term provisions
Assets
Non-current assets
(i) Fixed assets
Tangible assets
Fo
:AR (INDL
,11&_ L
Director /Authorised Signatciy
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512812016
01-04-2015
01-04-2014
31-03-2016
31-03-2015
Particulars
Audited
Audited
Standalone
Standalone
(ii)
Non-current investments
(v)
0.596
0.73
1.093
1.23
(vi)
account
(vii)
(viii)
Trade receivables
Cash and bank balances
Short-term loans and advances
(1
100.844
157.98
0.064
92.458
90.68
1809.102
2306.77
63.802
53.32
2066.27
2608.75
'll'otal assets
2067.363
2609.98
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Format for Reporting Segmenet wise Revenue, Results and Capital Employed along 11 iti the company results
3 months
ended (dd -yyyy)
Previous 3
months
ended (ddmm-yyyy)
Corresponding 3
months ended in the
previous year (ddmm-yyyy
Previous
accounting
year ended
(dd-mm-yyyy)
Date of start of
reporting period
01-012016
01-10-2015
01-01-2015
01-04-2015
01-04-2014
01-04-2014
31-032016
31-12-2015
31-03-2015
31-03-2016
31-03-2015
31-03-2015
Audited
Unaudited
Audited
Audited
Audited
Audited
Standalone
Standalone
Standalone
Standalone
Standalone
ParficulArs
period
Whether accounts are
audited or unaudited
Nature of report
standalone or Standalone
consolidated
Commodity Trading
122.27
122.27
Finance Business
-1.667
286.506
Total Segment
Revenue
120.603
408.776
120.603
408.776
2 Segment Result
Profit (4-) / Loss (-) before tax and interest from each segment
1
Commodity Trading
-25.256
-25.256
Finance Business
-180.534
-131.1
-205.79
-156.356
i. Finance cost
18.685
68.572
ii
ii. Other
nallocable
Expenditure net off
Unallocable income
6.963
/3.6 1 7
-231.438
0 ,
-248.555
3 Capital Employed
(Segment Asset - Segment Liabilities)
1
Commodity Trading
0.064
0.064
Finance Business
1893.251
1893.251
Total Capital
Employed
1893.315
1893.315
Disclosure of notes
on segments
Director .
Ahorised
f. I el; com 103 /D li nk/ESAAR %20( IN D IA) 70200 D/R es ul ts/2015- 16/31.03.2016/Es s ar2/020M ar ch16_1 i T t..1P/o20R eport.html
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5128/2016
For
EF.iSrR
1- ED
?c)'
Director /Author
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FORM B
(FOR AUDIT REPORT WITH MODIFIED OPINION)
3
4
5
Frequency of qualification
Draw attention to relevant
notes in the annual financial
statements and management
response to the qualification in
the directors report:
Additional comments from the
Board/Audit Committee Chair:
FORM B
(FOR AUDIT REPORT WITH MODIFIED OPINION)
Reg. N o. ( (f \\
116627 ),(_-),1
Murnbaii.
Avedhesh Pal
(Chairman
Committee)
of
Audit
G')1
`ran
a-ndak
CS
Chartered Accountants
Auditor's report on Quarterly Financial Result and year to date Result of of Esaar
(India) Limited pursuant to the Regulation 33 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015.
We have audited the accompanying statement of Standalone Financial Results of ESAAR
(INDIA) LIMITED ("the company") for the twelve months ended March 31,2016 ("the
statement"), being submitted by the company pursuant to the requirement of Regulation33 of the
SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015.This statement,
which is the responsibility of Company's Management and approved by Board Of Directors,
have been prepared on the basis of the related financial statements which is in accordance with
the Accounting Standards specified under section 133 of the Companies Act,2013,read with Rule
7 of the Companies(accounts) rules,2014 and other accounting principles generally accepted in
India. Our responsibility is to express an opinion on the Statement.
1. We conducted our audit in accordance with Standards on Auditing issued by the Institute
of Chartered Accountants of India. Those standards require that we comply with ethical
requirements and plan and perform the audit to obtain reasonable assurance about
whether the Statement is free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and
the disclosures in the Statement. The procedures selected depend on the auditor's
judgment, including the assessment of the risks of material misstatement of the
Statement, whether due to fraud or error. In making those risk assessments, the auditor
considers internal control relevant to the Company's preparation and fair presentations of
the Statement in order to design audit procedures that are appropriate in the
circumstances, but not for the purpose of expressing an opinion on the effectiveness of
the Company's internal control. An audit also includes evaluating the appropriateness of
the accounting policies used and the reasonableness of the accounting estimates made by
the Management, as well as evaluating the overall presentation of the Statement.
We believe that the audit evidence we have obtained is sufficient and appropriate to
provide a basis for our audit opinion.
2. Basis for Qualified Opinion
a. Majority of the loans given are demand loans, therefore in some cases the terms
of repayment including interest and loan agreement including KYC documents etc
are not available. Demand and other loans given are governed by the Board
policies. Considering the close monitoring of Board no appraisal, renewal,
Policies, Procedure, Committee or documents have been prescribed and executed.
b. In view of the management all the loans outstanding are considered good and
therefore provision on Non Performing Assets not provided.
-
c. Pre and post sanction generally accepted procedures are not in place.
3. In our opinion and to the best of our information and according to the explanations given
to us, except for the effects of the matter described in the Basis for Qualified Opinion
paragraph the Statement:
i. is presented in accordance with the requirements of Regulation 33 of the
SEBI(Listing Obligations and Disclosures Requirements)Regulations,2015;and
ii. gives a true and fair view in conformity with the aforesaid Accounting Standards
and other accounting principles generally accepted in India of the net profit and
other financial information of the Company for the fifteen months ended March
31,2016.
4. The Statement includes the results for the Quarter ended March 31,2016 being the
balancing figure between audited figures in respect of full financial year and the
published year to date figures up to the third quarter of the current financial year which
were subject to limited review by us.
Chartered Accountants
(Registration No. 116627W)
Pravin Chandak
Partner
Membership No. 049391
Mumbai
28t1 May, 2016